Sasol Limited Integrated Report 2021 - Book - Page 51
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Energy Business at a glance
We plan to lead the energy transition in Southern Africa
through our talented people, proprietary technology,
integrated value chain and strategic partnerships.
We are committed to job creation, providing sustainable
solutions to our customers, and unlocking new value chains
to ignite the South African economy.
Bernard Klingenberg
Executive Vice President
Energy Operations
Priscillah Mabelane
Executive Vice President
Energy Business
Key features
Strategic positioning
Overview
Strategy
Energy Business
Mining
Gas
We operate an integrated value chain with
feedstock sourced from our Mining and Gas
operating segments and processed at our
Secunda and Sasolburg Operations, and
Natref. We also have associated assets outside
South Africa. These include the Pande-Temane
Petroleum Production Agreement (PPA) in
Mozambique and a share in ORYX GTL in Qatar.
We are investing in low-carbon activities by
working with local and global partners and
investing in innovation and research to support
South Africa in positioning itself as a global
producer of green hydrogen with its current
natural endowments.
We have proprietary technologies that can
generate attractive and sustainable margins
from a combination of our low-cost feedstock,
Contribution to Group’s
external turnover
%
34%
Fuels
safe and reliable operations and desirable energy
and chemical products.
We are focused on optimising the performance
of our assets with improved cost effectiveness.
We are making progress towards our near-term
climate targets through the increased sourcing
of renewable energy, using gas as a transitionary
feedstock and reducing the GHG footprint of
our facilities.
The profitability of our business is highly
dependent on crude oil prices, rand/US dollar
exchange rates, carbon tax and gas prices.
We carefully monitor the external environment
and develop plans to respond to sudden changes
in these drivers and use hedges where possible
to protect our earnings base.
Positioned for sustainable energy transition and growth
FUTURE SASOL
• Leading the energy transition in
Southern Africa
• Advantaged assets with
enhanced resilience
• Leading fuel technologies
• Integrated value chain and scale
• Developing a green hydrogen
economy in South Africa
• Unlocking value through
partnering
• Enhance fuels margins
• Portfolio resilience
• Access to affordable gas
supply
• Customer-centric at heart
• Lower-carbon business
solutions and technology
at scale
✔ Advantaged feedstock
✔ G
as market access and leadership
✔ Differentiated capabilities
rack record of innovative large✔ T
scale technology deployment
nique FT technology provides
✔ U
opportunity to win in the energy
transition
R47 billion
direct and indirect taxes
paid in South Africa
Strategic focus areas
Leverage competitive advantages
and achieve Net Zero by 2050 while
preserving and growing value and
ensuring a just transition.
Reset profitability and resilience
and fund growth using our strong
asset base and technology
advantage.
Play a leading role in new hydrogen
economy in South Africa using
technology and leveraging our
existing assets.
Deliver competitive returns
to 2030 as we accelerate
decarbonisation. Then pursue
options to get to Net Zero by 2050.
Unlock potential of mobility
and commercial marketing
businesses by building
capabilities and partnerships.
Pursue an early gas solution to
decarbonise and produce first
green hydrogen in 24 months in
partnership with the Industrial
Development Corporation (IDC).
Preferential
procurement of
~ R43 billion
2022 priorities
Safety
• Making zero harm an operational reality
• Deliberate focus on critical control
verification
• Enriching the HSI programme with
humanising safety as a leadership
imperative
Building a high performing
team
• Skills and capability building to improve
competitiveness
• Entrenching a values-driven culture
• Growing diversity and inclusion
• Coaching and mentoring leaders
Customer focused
• Create value for our customers
• Digital solutions to improve customer
experience
• Building a strong brand
• Shift from product portfolio to
customer portfolio
Sustainability
• Execute 2030 roadmap to reduce GHG
scope 1 and 2 emissions by 30%*
• Reduced by 20% GHG scope 3
emissions: Category 11 by 2030
• Deliver at least 200 MW of renewables
in Secunda by 2023
• First green hydrogen in 24 months
• Deliver on commitments to
stakeholders and communities
*
35% Energy
1% E&PI Gas
Significant contributor
to GDP and leading
corporate taxpayer
in South Africa
50
Sasol Integrated Report 2021
Off 2017 base and excluding Natref.
Delivery
• Sasol 2.0 to reset the
business
• Stable and reliable
operations delivering
budgeted volumes
• Sustainable gas solutions
• Ramp-up Fulco integrated
shift system at Mining
Total turnover
~ R90 –
R100 billion
(including intercompany turnover)
Number of employees
~ 20 000
(including Chemicals SA Ops)